XAF – Central African CFA Franc
Concerned countries: Cameroon, Central African Republic, Chad, Equatorial Guinea, Gabon and Republic of the Congo.
XAF is considered to be a restricted currency, which implies an inherent limitation to the tradability of this currency: fund transfers in this currency are not allowed outside of Central African States.
In some cases, the beneficiaries might be required to sign documents to authorise the release of funds.
- Currency Guidelines
Besides the standard information, it is important to note that the IBAN format is always recommended.
The beneficiary’s physical full address is mandatory in the beneficiary address field. Payments issued without this information will be rejected.
A clear reason / purpose of payment is mandatory and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.
Example: Payment of travel expenses – invoice n° 123456789
It is recommended to provide the beneficiary’s telephone number in the remittance information.
This currency does not have any decimal places.
- Instructions, technical guidelines & more
To consult the Technical Guidelines of this currency, click hereTECHNICAL GUIDELINES
- Additional information
• Available charge options: OUR/SHA/BEN
• Central bank of Central Africa States: https://www.beac.int/index.php/accueil